Pier 1 Imports Inc (PIR) Receives Average Rating of “Hold” from Brokerages

Shares of Pier 1 Imports Inc (NYSE:PIR) have received a consensus rating of “Hold” from the fourteen analysts that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $1.80.

PIR has been the topic of a number of analyst reports. ValuEngine raised shares of Pier 1 Imports from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Argus cut shares of Pier 1 Imports from a “hold” rating to a “sell” rating in a research note on Monday, November 12th. Zacks Investment Research raised shares of Pier 1 Imports from a “sell” rating to a “hold” rating in a research note on Tuesday, November 27th. Loop Capital lowered their target price on shares of Pier 1 Imports to $1.00 and set a “hold” rating on the stock in a research note on Thursday, December 20th. Finally, Gordon Haskett raised shares of Pier 1 Imports from an “underperform” rating to a “hold” rating in a research note on Tuesday, January 8th.

A number of institutional investors have recently added to or reduced their stakes in PIR. Rhumbline Advisers increased its stake in Pier 1 Imports by 36.1% during the 4th quarter. Rhumbline Advisers now owns 119,399 shares of the specialty retailer’s stock valued at $37,000 after buying an additional 31,666 shares during the period. SG Americas Securities LLC boosted its position in shares of Pier 1 Imports by 1,033.7% during the 4th quarter. SG Americas Securities LLC now owns 130,136 shares of the specialty retailer’s stock valued at $40,000 after purchasing an additional 118,657 shares in the last quarter. Teton Advisors Inc. boosted its position in shares of Pier 1 Imports by 1,566.7% during the 4th quarter. Teton Advisors Inc. now owns 200,000 shares of the specialty retailer’s stock valued at $61,000 after purchasing an additional 188,000 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Pier 1 Imports by 4.6% during the 4th quarter. California Public Employees Retirement System now owns 568,039 shares of the specialty retailer’s stock valued at $174,000 after purchasing an additional 24,839 shares in the last quarter. Finally, Stone Ridge Asset Management LLC boosted its position in shares of Pier 1 Imports by 40.1% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 122,742 shares of the specialty retailer’s stock valued at $184,000 after purchasing an additional 35,120 shares in the last quarter. 65.55% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PIR stock traded down $0.02 during trading hours on Wednesday, reaching $0.90. The stock had a trading volume of 19,918 shares, compared to its average volume of 6,105,647. The company has a quick ratio of 0.49, a current ratio of 1.64 and a debt-to-equity ratio of 1.25. Pier 1 Imports has a twelve month low of $0.28 and a twelve month high of $3.69. The stock has a market cap of $78.21 million, a PE ratio of 4.27 and a beta of 3.93.

Pier 1 Imports (NYSE:PIR) last released its quarterly earnings data on Wednesday, December 19th. The specialty retailer reported ($0.62) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.48). Pier 1 Imports had a negative return on equity of 50.51% and a negative net margin of 6.96%. The firm had revenue of $413.00 million during the quarter, compared to analyst estimates of $455.20 million. During the same period last year, the business earned $0.65 EPS. The firm’s revenue was down 12.0% on a year-over-year basis. Equities analysts forecast that Pier 1 Imports will post -1.84 EPS for the current fiscal year.

About Pier 1 Imports

Pier 1 Imports, Inc engages in the retail sale of decorative accessories, furniture, candles, housewares, gifts, and seasonal products. It offers decorative accents and textiles, such as rugs, wall decorations and mirrors, pillows, bedding, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, candles, fragrances, gifts, and seasonal items; and furniture and furniture cushions that are used in living, dining, office, kitchen and bedroom areas, sunrooms, and patios.

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Analyst Recommendations for Pier 1 Imports (NYSE:PIR)

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